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Commentary Of The Eur/jpy ParityTitle:
Technical analysis of the EUR/JPY parity on July 22th, 2010
Commentary of the EUR/JPY parity :
Finaly, the support at 112 has been broken and allow the parity to start a stong bearish movement. The price is currently testing a breakout of the support at 111. 110 has been already reach in extension. All indicators are bearish. We advise to trade only short positions as far as the price is below 111. A pullback on this level is possible. The break out of 110 will give a new sell signal. The next support is at 109.
See the previous analysis of the EUR/JPY parity of July 21th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 21th, 2010
Commentary of the EUR/JPY parity :
The parity continue to move between 112 and 113. Indicators are neutral. We maintain to trade only long positions as far as the price is above 112. The breakout of 113 will give a new buy signal and should allow the price to reach the next resistance at 114. However, if 112 is broken, we will wait the breakout of the next support at 111 to trade only short positions.
See the previous analysis of the EUR/JPY parity of July 20th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 20th, 2010
Commentary of the EUR/JPY parity :
The parity finaly succeed to return above 112 after a bearish gap below this level. The parity is now moving into a bullish channel (black lines) and is currently testing the resistance at 113. Indicators are getting bullish. We maintain to trade only long positions as far as the price is above 112. The break out of 113 will give a new buy signal. The next resistance is at 114.
See the previous analysis of the EUR/JPY parity of July 19th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 19th, 2010
Commentary of the EUR/JPY parity :
The parity is currently testing the support at 112 and also the lower band of its bullish channel. Indicators are mixed. We advise to trade the parity according to the key level at 112. As far as the price is below 112, we advise to trade only short positions and the break out of 111 will give a new sell signal. However, as far as the price is above 112, we advise to trade only long positions and the break out of 113 will give a new buy signal.
See the previous analysis of the EUR/JPY parity of July 15th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 15th, 2010
Commentary of the EUR/JPY parity :
The parity is currently testing a pullback on 112 as support. Indicators stay globaly bullish. We maintain to trade only long positions as far as the price is above 112. If this level is broken, the correction should pursuit towards the lower band of its bullish channel or the support at 111. We will wait a return above 112 to trade again long positions. However, the breakout of 111 will give a sell signal.
See the previous analysis of the EUR/JPY parity of July 14th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 14th, 2010
Commentary of the EUR/JPY parity :
The break out of 112 offered a new buy signal. The price is now moving into a bullish channel and is currently testing the resistance at 113 and also the upper band of its channel. All indicators are bullish. We maintain to trade only long positions as far as the price is above 112. The break out of 113 will give a new buy signal. A pullback on 112 is possible as far as 113 is resistance.
See the previous analysis of the EUR/JPY parity of July 13th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 13th, 2010
Commentary of the EUR/JPY parity :
The parity is currently testing the support at 111. Indicators are mixed. We advise to wait an exit of the range 111/112 to take position:
- Long if 112 is broken
- Short if 111 is broken.
See the previous analysis of the EUR/JPY parity of July 12th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 12th, 2010
Commentary of the EUR/JPY parity :
The parity is currently finding resistance on 112. Indicators are staying bullish. We maintain to trade only long positions as far as the price is above 111.50. A return above 112 will comfort our bullish feeling and the break out of 113 will give a new buy signal. However, if 111.50 is broken, the correction should pursuit towards the next support at 111.
See the previous analysis of the EUR/JPY parity of July 9th, 2010
Title:
Technical analysis of the EUR/JPY parity on July 9th, 2010
Commentary of the EUR/JPY parity :
The parity continues its bullish movement and is validating a break out of the resistance at 112. The price is now moving towards 113. All indicators are bullish. We maintain to trade only long positions as far as the price is above 112. The break out of 113 will give a new buy signal.
See the previous analysis of the EUR/JPY parity of July 8th, 2010
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